Indian Rupee- United States dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region. India is one of UAE’s largest trade partners and Indian’s consist of over 30% of the total populace of UAE.

Indian economy is one of the fastest growing economies in the world and is ranked third in global GDP on a PPP basis. The Indian Rupee contract has attracted the attention of several global funds and organizations to hedge their Indian Rupee risk offshore in UAE.

• Hedging window available long after Indian currency markets close
• Arbitrage opportunity with the conventional INR-USD contract traded on the index
• Low size, and impact cost makes it a very good contract for traders
• Unique trading opportunity for Indians in the region and international funds with exposure to India to manage their risk
• Contract size is variable and depends on the Indian Rupee movement against the USD, making it better to take advantage on movements in the Indian Rupee
• Cash settled in USD on the Indian Central Bank reference rate eliminating any basis risk
• UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
• Market hours from 7.30 AM India time till 1.25 AM India time
• Overlaps most trading zones including Europe and United States